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New Zealand companies' pessimism about the local economic recession is getting rid of, Gold finally fell below the $1800 mark

New Zealand companies' pessimism about the local economic recession is getting rid of
The New Zealand (ANZ) business confidence index for July narrowed to 29.8 on a monthly basis, compared with 34.4 in the previous month, reflecting that about 29.8% of companies predicted a gloomy economic outlook. During the period, the company's expected index was 6.8, which was significantly narrowed by 19.1 percentage points from the previous month, reflecting that 6.8% of companies expected their business activities to decline in the coming year. The survey shows that the local epidemic is under control and the economy is gradually restarting, which is boosting business confidence and enabling companies to shake off the pessimism of the economic recession.

Gold finally fell below the $1800 mark
In the New York market on July 9th, the price of gold fell sharply. Spot gold once fell below the $1800 mark, sliding from a daily high of more than $20, refreshing the daily low to $1795.75 per ounce, because of the record number of new cases in the United States in a single day Under the circumstances, the decline in the stock market triggered the profit-taking of gold, and investors began to hedge the dollar, reducing the need for gold as an alternative asset.




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